Dear User Advisorymandi.com or Pro advisory Championship (PAC) having purpose to provide you analytical skills of numbers of SEBI registered Research Analysts and Investment Advisers to choose best one among them for your hard earned investments. We Advisorymandi.com or Pro advisory Championship (PAC) not promote any adviser or provide any advise through Call, SMS and Social media platforms or give assurance of any return.

VERIFY EMAIL OTP

Change Mobile Number

Update Profile

Wall Street on course for worst week in six years

U.S. stock markets were set to open flat to lower on Friday, putting both the S&P 500 and Dow Jones Industrial Average on course for their biggest weekly losses in at least six years.

Stocks plunged 4 percent on Thursday, overturning gains a day earlier and adding to the sense that rises in U.S. government bond yields have begun a major correction to nine years of almost uninterrupted gains for Wall Street.

Both the Dow Jones Industrial Average and the benchmark S&P 500 index are down more than 10 percent since hitting record highs on Jan. 26, and Thursday was the second time this week that the Dow fell more than 1,000 points.

If the Dow ends the day lower, it is likely to make the week its worst since the height of the financial crisis in October 2008.

"The fact that Monday's lows were breached signals more trouble ahead and rallies are likely to give way to rising bond yields," said Peter Cardillo, chief market economist at First Standard Financial in New York.

At the heart of the pullback has been a rise in U.S. bond yields due to growing expectations that a robustly performing economy will lead to higher inflation and a steady rise in official interest rates over this year.

The danger for stock market investors is that means the Federal Reserve - and other major central banks - reining in the vast supplies of cheap funds they have pumped into the global economy since the 2008-09 financial crisis.

The yield on benchmark 10-year U.S. Treasuries, which tends to be the driver of global borrowing costs, was hovering at 2.825 percent, dipping after U.S. Congress approved a bill to end the federal shutdown, but still near a four-year high of 2.885 percent hit during Monday's selloff.

The U.S. House of Representatives early on Friday approved a bill to fund the federal government through March 23 and to increase overall spending limits over two years, sending the legislation to President Donald Trump.

Investors also point to additional pressure from the violent unwinding of trades linked to bets on volatility staying low.

The market's main gauge of volatility, the CBOE Volatility Index, was at a relatively elevated 32.25 on Friday, nearly three times what it was a week ago but lower than a two-and-a-half-year high of 50.30 points hit on Tuesday.

The downturn in equities had been long awaited by investors, after a period of strong and fast gains. The S&P's correction is the fifth of this bull market, according to Yardeni Research. The last bear market was during the 2008 financial crisis.

"We're cheap now, but it's just a matter of much more cheaper we have to get to attract buyers," said Robert Pavlik, chief investment strategist at SlateStone Wealth.

World stocks were also on track for their worst week since 2011, knocked by a 4 percent decline in Chinese stocks.

With Wall Street's quarterly earnings season more than half-way through, 78.3 percent of the S&P 500 companies that have reported so afar have beaten profit expectations, above the 72 percent beat-rate in the past four quarters.

Chipmaker Nvidia was up about 9 percent in premarket trading after its upbeat results and forecast.

Expedia shares sank 16 percent after the online travel services company said costs would outpace revenue growth this year as it battles rivals for market share.

LIVE ADVISORY

TESTIMONIALS

Samiul Shanti

Pro advisory gives excellent stocks and future tips.It is a very good platform for new traders like ... Read More

Samiul Shanti

Pro advisory gives excellent stocks and future tips.It is a very good platform for new traders like me and provides exact entry and exit point.As I am a working professional I can't monitor the market for whole day, so I don't trade regularly.But I made profit in nifty future segment without monitoring the market.Thanks for this unique concept and good effort.
Regards
Samiul Shanti.

Sandeep Paliwal

Dear sir/madam,
This is Sandeep Paliwal from Delhi. I want to thank the team of ADVISORY MANDI that ... Read More

Sandeep Paliwal

Dear sir/madam,
This is Sandeep Paliwal from Delhi. I want to thank the team of ADVISORY MANDI that help me to earn profit in this market. I have started with 25000 and double my money in a month and half. Intraday day tips with stop loss given was beneficial for me.
Thanks

Dev Jadeja

I am very glad to inform that i like this app it's very use full. This app give guideline what to bu... Read More

Dev Jadeja

I am very glad to inform that i like this app it's very use full. This app give guideline what to buy and sell in stock so i earn profit from it .

Chandrakant Adhav

Nandan Mohanty

"Sir,
i have been following PAC since last 1 month. It is quite beneficial for me to conduct... Read More

Nandan Mohanty

"Sir,
i have been following PAC since last 1 month. It is quite beneficial for me to conduct Intraday Treading .The valuable suggestions given by expert advisers without any charge is a pleasant experience for common men.I wish great success for PAC .
Thnak you
Nandan Mohanty
"

Experts Pick

AdvisoryMandi

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

AdvisoryMandi

Moumita Samanta

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

AdvisoryMandi

Moumita Samanta

JIST OF OPEC MONTHLY REPORT:NON OPEC PRODUCTION ON RISING SPREE

With 14 countries, OPEC is an intergovernmental organisation, founded in 1960 in Bagdad. OPEC stated...

OPINION POLL

Will end of FY 2017-18, see Nifty at 11K mark?

YES

NO

Total Votes: 1485

Enter email-id to share this news

Important Information

Please fill the required Disclosure/Disclaimer.

Disclaimer

The information and material contained in these pages and the terms, conditions, and descriptions that appear are subject to change without prior notice. Investments in equity shares, debentures, commodities, etc, are not obligations of or guaranteed by the ADVISORYMANDI , and are subject to investment risks.....More